While the twin headlines show jobs were added and the unemployment rate dropped the internals of the September Labour Market report are a little soft.

AUD/USD was a touch lower before the release, alongside a slight strengthening for the USD across most major FX (USD/JPY was down a little) and it lost a little more after the release. Most here in Asia are content to wait it out until Federal Reserve Chair Powell speaks at midday US Eastern time today.

aud employment report September 2023